Finextra

JULY 7, 2025

Power survey shows consumers are largely optimistic about AI’s benefits: 72% agree AI will deliver easy, convenient self-service but also highlight areas to improve, such as building trust and ensuring human-like empathy in AI interactions. For consumers, the experience is also smoother. At the same time, a J.D.

AI

Fintech Review

APRIL 11, 2025

Consumer trust in banks plummeted. Their technology reduces friction in both consumer and business transactions. They use alternative credit scoring methods and automated underwriting. Big Data Analytics : Helps predict customer behaviour, optimise pricing, and assess creditworthiness in real time.

FinTech

Stax

MAY 6, 2025

Credit cards are a staple in the wallets of consumers today, and they will undoubtedly be a payment method of choice for years to come, particularly as the adoption of mobile and contactless payments continues to grow. In fact, ResearchAndMarkets.com forecasts the global credit card payment market to grow to $762.16

Credit Cards

EBizCharge

JANUARY 16, 2025

Since MCCs offer several advantages for businesses and consumers, its essential to understand these benefits to help you make the most of your credit card transactions. Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions.

Credit Cards

The Fintech Times

JUNE 12, 2025

We’re not a lender, but we help connect consumers, especially non-prime ones, with a wide variety of FCA-regulated lenders. While all of our closest comps focus predominantly on serving prime borrowers, we focus on the people they overlook: non-prime consumers. What problem was your company set up to solve?

Non-Bank

Nanonets

NOVEMBER 13, 2024

Below is a comparative table to help you efficiently explore and assess the top hyperscience alternatives. Nanonets also automates document-heavy workflows such as accounts payable , claims and order processing, insurance underwriting , etc.  Speeds up insurance underwriting with data extraction and classification.

Automation

Fintech Weekly

JULY 10, 2025

Challenges related to integration, the development of new functionalities or features, and the migrating of stacks to modern technology are time-consuming and have led to a somewhat lethargic approach to adoption. Building on top of these programs to leverage today’s advanced technologies is not an easy task.

Technology

The Fintech Times

JUNE 24, 2025

AI, automation, and embedded insurance are just some of the technologies driving change in everything from underwriting and claims to customer engagement, leading many industry firms and leaders to rethink their approach. When exploring some of the biggest emerging trends in the insurtech industry, one recurring theme was AI.

AI

Payments Dive

JULY 11, 2025

Kent Nishimura via Getty Images The growth of buy now, pay later loans has drawn the attention of federal housing officials who have posed a series of questions on how this type of consumer lending may impact housing payments and the market’s overall stability.

BNPL

Fintech News

JUNE 11, 2025

Some steps that have possibly kept the incumbents ahead are their disciplined underwriting, reinsurance strategies , and deep integration with intermediated channels such as motor dealerships, brokers, and corporate fleet accounts. What happens to traditional intermediaries facing competition from digital direct-to-consumer platforms?

Rules

Stax

DECEMBER 20, 2023

From there, your users must go through an application and underwriting process that determines their eligibility to accept payments. TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. What Is Merchant Underwriting?

Underwriting

Nanonets

SEPTEMBER 27, 2024

Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. These include customer applications, financial records, medical reports, and external risk assessments such as geographic or weather-related data.

Underwriting

FICO

OCTOBER 27, 2016

It is also an important assessment tool for third parties such as potential business partners and, notably, cyber insurance providers. The number of underwriters active in the US market is growing rapidly as well, with a double-digit CAGR. The lingua franca of cyber breach underwriting .

Risk

PYMNTS

OCTOBER 21, 2019

Consumers often find the experience to be dauntingly complex and may struggle to understand the full scope of payment obligations. Providing consumers with sufficient supports can address these potential obstacles and speed up loan underwriting timelines, benefiting both borrowers and lenders.

Underwriting

FICO

AUGUST 16, 2021

FICO Applauds FHFA Inclusion of Rental Data in Underwriting. Last week, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae will begin considering borrowers’ rental payment history in its risk assessment process. But a great number of these consumers have payment histories – cell phone, utility and rent payments, etc.

Underwriting

FICO

MARCH 25, 2020

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. This has been a big focus for the business in response to strong market demand for consumer loans in China.

Risk

The Fintech Times

MARCH 26, 2024

“Insurance policies and products can often be complex, high-touch, and very time consuming. “Similarly, there might be enough application and public information available on applications for some types of life or health insurance that may not require time-consuming medical testing.

Underserved

PYMNTS

AUGUST 28, 2017

25) that it will implement machine learning credit approval models to determine if it will lend a consumer money as it goes after a segment of the market that doesn’t have a solid credit history. Although these consumers may have steady jobs, their creditworthiness is heavily based on credit history. ƒFord Motor Credit Co.

Credit Risk

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. However, a significant revolution lies ahead – the personalisation of services based on individual user assessments. “Finally, AI is reducing risk in the embedded insurance space.

Embedded Finance

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

Risk Assessment

PYMNTS

DECEMBER 28, 2020

But maybe the most dramatic and realistic assessment comes from Pedro DePaula , director of MercadoLibre ’s MercadoCrédito division. The consumer has learned how to really work with eCommerce.”. Consumers in Brazil, he said, have also found a love of contactless payments. Ten years in eight weeks.

Underwriting

PYMNTS

NOVEMBER 18, 2019

Faster payment services could help such consumers get much-needed funds, as long as lenders can access equally fast underwriting tools. Banks can also gauge risks by checking consumers’ recent financial histories for reliable incomes. Speedy account access can grant FIs the assessment data they need to initiate loans.

Underwriting

PYMNTS

JULY 3, 2018

But SMB loan underwriting at traditional FIs has, for the most part, remained unchanged, even as alternative lenders began exploring the role of alternative data in the risk mitigation process. “Lenders’ primary goal is to assess a consumer’s stability, ability and willingness to pay.

Underwriting

Fintech Finance

SEPTEMBER 10, 2024

This leads to high costs for airlines, who spend $20bn a year on payment processing, and massive interest payments for consumers. Wherever Klarna is available on a travel site, consumer adoption is very high: the total value of travel booked through Klarna has increased by 50% in the past year. Klarna is that partner.”

BNPL

PYMNTS

APRIL 16, 2019

And “luckily” for Upstart, there was a big problem in desperate need of such a solution: the millions of thin credit or bad credit consumers who were locked out of mainstream systems. And since access to credit is a need to have for consumers, not a nice to have, it seemed a problem well worth taking on.

Risk

FICO

OCTOBER 10, 2022

FICO Fact: Can having no credit score be better for consumers than a low credit score? A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. We agree with consumer advocates that this is a legitimate concern. by Joanne Gaskin.

Consumer

Fintech News

SEPTEMBER 4, 2024

The platform integrates effortlessly into marketplaces, e-commerce websites, ERP, and accounting systems, delivering a consumer-grade experience that distinguishes it from traditional digital lenders and invoice financing companies in the B2B sector. Fluid secured in February 2024 a US$5.2 With a US$6.6

FinTech

The Fintech Times

SEPTEMBER 11, 2024

MoneyLion has teamed up with Nova Credit to integrate cash flow underwriting into its decisioning engine, enabling credit issuers on its platform to access more comprehensive data for evaluating consumers’ financial health.

Underwriting

FICO

MAY 6, 2019

A recent Bloomberg article asserted that “consumer credit scores have been artificially inflated over the past decade,” as credit scores have steadily increased over the past decade of economic expansion. So what are some of these factors? Macroeconomic conditions such as unemployment rate and Housing Price Index (HPI) changes.

Underwriting

Fintech News

AUGUST 12, 2024

Technology firm Microsoft is working with Axis Bank and Aditya Birla Capital, among others, to deploy processes using genAI to transform contact centers, boost sales and overhaul claims and underwriting processes. Progress in this area will streamline international transactions and reduce costs for consumers.

Embedded Finance

Finovate

SEPTEMBER 23, 2024

Credit scoring and underwriting Agentic AI can autonomously assess creditworthiness by analyzing vast amounts of structured and unstructured data, such as transaction histories, social media activity, and economic conditions.

AI

Fintech News

DECEMBER 20, 2023

There is also evidence in the US that BNPL users tend to have a riskier credit profile than those of traditional consumer credit products. The BNPL platform then assesses their creditworthiness through a soft credit check. When a customer chooses a BNPL option during the checkout process, they go through a quick application process.

BNPL

The Fintech Times

MARCH 28, 2024

Synergy between innovation-driven startups and established industry players is not only reshaping traditional practices but also addressing the dynamic needs of modern consumers. We reached out to insurance experts to gain insights into how startups and incumbents are collaborating to drive innovation and meet changing consumer demands.

Innovation

PYMNTS

MARCH 13, 2018

one of Japan’s largest consumer financing companies, to provide loans and lending services to the unbanked. In a press release , the companies said the service is aimed at the millions of unbanked and underbanked consumers, micro-entrepreneurs and small businesses located across Southeast Asia.

Consumer

PYMNTS

MAY 29, 2018

The system got a major boost in the 1970s with the passage of The Fair Credit Reporting Act , which officially regulated what information would be collected as well as created rules that made credit reports something consumers had a legal right to both see and dispute. But is FICO keeping pace with modern financial services?

Financial Inclusion

International Payments Processing

AUGUST 30, 2021

We also provide 24/7 365 customer service to help with your application, underwriting, and onboarding. Increase Revenue According to Brizfeel, 57% of consumers prefer to shop online, compared to 31% of consumers who prefer visiting the physical shop.

Process

International Payments Processing

AUGUST 30, 2021

We also provide 24/7 365 customer service to help with your application, underwriting, and onboarding. Increase Revenue According to Brizfeel, 57% of consumers prefer to shop online, compared to 31% of consumers who prefer visiting the physical shop.

Process